The business is growing at double digit rates, and with...

The business is growing at double digit rates, and with financing headroom, retained profits and low share in a market that is apparently fragmented, it's not a stretch of the imagination to see MNY with a NPAT several times higher in the long term. I think even at the low multiple of 8-10 times earnings, the growth of the company will drag the share price up with it at a similar double digit total return including dividends. The variable, however, is multiple expansion and any positive or negative acquisitions in the future. Multiple expansion alone, like what has happened to CCP (circa 13 to 17 times earnings range from a similar range as MNY's today), is a lot of potential upside to your return, which is rightfully conservative.